SIEGEL DAVID N 4

What Happened

David N. Siegel, a director of Tamboran Resources Corp (TBN), was granted 2,975 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports an acquisition-type award (code A) with an acquisition price of $0.00 (no cash paid at grant). The RSUs represent contingent rights to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-03 (Form 4 Accession: 0001193125-26-256197). Filing appears timely.
• Award: 2,975 RSUs; reported acquisition price $0.00.
• Shares owned after transaction: not disclosed on the filing.
• Footnote: RSUs vest on the earlier of (i) June 1, 2027 or (ii) the date of the next annual shareholders' meeting, subject to continued service. The Reporting Person has deferred receiving the underlying common stock.

Context

RSUs are a compensation award that convert to shares only if vesting conditions are met; they do not represent immediate free trading shares and are different from an open-market purchase or sale. Because this is a grant (not a purchase or sale), it should be viewed as routine equity compensation rather than a direct signal of insider buying or selling.